Posted on: 10th Aug, 2008 11:51 am
my husband and i are purchasing a home but due to lack of credit on my part and the fact that i am not contributing to the payments he has told me that i need to sign a quit claim deed in order to secure the loan. it will be recorded as his sole property. is it possible for me to be listed on the title without being considered in the loan? what are the options? can i be listed as a joint tenant with right of survivorship?
Hi Guest.
Welcome to the forum.
I think you are from a community property state. So you will be on the deed but the lender may have objected for that. So your husband has asked you to sign a quitclaim deed so that he can secure a home loan. When your husband can pay the loan off then he can add you on the property by using a quitclaim deed.
Best of luck,
Larry
Welcome to the forum.
I think you are from a community property state. So you will be on the deed but the lender may have objected for that. So your husband has asked you to sign a quitclaim deed so that he can secure a home loan. When your husband can pay the loan off then he can add you on the property by using a quitclaim deed.
Best of luck,
Larry